IDBI Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for IDBI Amritsar Amritsar Punjab

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MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch East Mohan Nagar
Contact 0183-5094755
Bank Details Idbi Bank Ltd East Mohan Nagar IBKL0001651
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143001
Country IN
Address Plot no.. 273-j, sls tower,100 feet road, east mohan nagar, amritsar- 143001
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 143259004 for East Mohan Nagar branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 143259004 of IDBI Bank, East Mohan Nagar branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for East Mohan Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Idbi Bank Ltd are available with micr code -

>>Amritsar >>East Mohan Nagar >>Majitha Road Amritsar

MICR code for IDBI East Mohan Nagar

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for East Mohan Nagar is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 143259004 is the MICR code of IDBI for East Mohan Nagar branch. MICR code for East Mohan Nagar branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for IDBI Bank East Mohan Nagar is presented in the table alongside.

Use of IDBI Bank MICR code for East Mohan Nagar branch in amritsar

The MICR code 143259004 is used in RBI cheque clearing process to identify the branch East Mohan Nagar and IDBI Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of IDBI is typically in either of these two font’s: E-138 and CMC-7.

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